Neenah with ticker code (NP) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 65 and 64 with a mean TP of 64.5. Now with the previous closing price of 38.93 this would imply there is a potential upside of 65.7%. There is a 50 day moving average of 40.85 and the 200 day MA is 46.85. The company has a market capitalisation of $642m. Company Website: https://www.neenah.com
The potential market cap would be $1,063m based on the market concensus.
Neenah, a specialty materials company, engages in the performance-based technical products, and fine paper and packaging products businesses in North America, Germany, Spain, and rest of Europe. Its Technical Products segment offers filtration media for transportation, water, and other end use applications; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries. It also provides digital transfer media; label and tag products for digital printing; latex saturated and coated, premask, medical packaging, digital transfer, publishing, security, clean room, passports, and release papers; furniture backers; and release liners. The company’s Fine Paper and Packaging segment offers writing, text, cover, and specialty papers; and envelopes used in commercial printing services, corporate identity packages, and advertising collaterals. It also provides packaging products for retail, cosmetics, spirits, and electronics end-use markets; bright papers for direct mails, advertising inserts, scrapbooks, and marketing collaterals; cardstock, stationary paper, journals, and planners; and translucent and art papers; and papers for optical scanning and other specialized applications. The company markets its products under the JET-PRO SofStretch, KIMDURA, PREVAIL, NEENAH, GESSNER, CLASSIC, CLASSIC CREST, ENVIRONMENT, ROYAL SUNDANCE, TOUCHE, ASTROBRIGHTS, SOUTHWORTH, ESTATE LABEL, IMAGEMAX, SKIVERTEX, PELLAQ, CORVON, SENZO, and KIVAR brand names through authorized paper distributors, converters, retailers, and specialty businesses, as well as direct to end users. The company was formerly known as Neenah Paper and changed its name to Neenah in January 2018. Neenah was incorporated in 2004 and is headquartered in Alpharetta, Georgia.
